Quote of the Day: Trickle Down Edition

"I believe in the market just as much as the next guy. I believe that if property taxes are reduced and apartment complexes are able to offer rent at a lower rate they will do so to remain competitive."

Mr. G

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I have heard the trickle down therory for years. When has there ever been documented proof that apartment complexes immediately decreased renter's fees after a property tax cut. I have been googling and can't find one. What I'm looking for is complexes cutting monthly fees during a tenant's lease because of a property tax cut.

Mr. G doesn't understand Florida. 1,000 people move to the state everyday. There is a harder problem for a renter to find a good apartment than complexes filling units. Floridians will even in poorly maintained complexes run by slumlords. And Mr. G thinks apartments complexes have a problem being competitive.

Bwah! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha! Ha!